BTC Dominance is one of the major signs of ALT Season return or arrival.
The lower the Score on the BTC.D card, the better for rally of Altcoins. On the other hand the higher the Score, the bad for altcoins.
Technically, we are in a descending channel, setting up nicely along with it. See where I marked Flat Top sent it downwards previously, which is responsible for current Alts moves, but that's just tip of the iceberg.
It failed to make Higher High but did Lower High instead(Red Flag)
At the moment, it is moving within GP(golden pocket), though it already punched through it once. If it cannot make it out of GP, that means drop is imminent
Various levels of Resistance on the chart where I expect near rejections. To take it down towards mid-channel, then bottom of channel.
With all these on the charts it is obvious ALT SEASON may just be around the corner. Where all tokens will go parabolic, even meme coins will follow. 🤑🤑
Keep watch and fingers crossed on this one.
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Click Like 👍 if you like this idea
The lower the Score on the BTC.D card, the better for rally of Altcoins. On the other hand the higher the Score, the bad for altcoins.
Technically, we are in a descending channel, setting up nicely along with it. See where I marked Flat Top sent it downwards previously, which is responsible for current Alts moves, but that's just tip of the iceberg.
It failed to make Higher High but did Lower High instead(Red Flag)
At the moment, it is moving within GP(golden pocket), though it already punched through it once. If it cannot make it out of GP, that means drop is imminent
Various levels of Resistance on the chart where I expect near rejections. To take it down towards mid-channel, then bottom of channel.
With all these on the charts it is obvious ALT SEASON may just be around the corner. Where all tokens will go parabolic, even meme coins will follow. 🤑🤑
Keep watch and fingers crossed on this one.
Click Follow 🚶 for daily analysis.
Click Like 👍 if you like this idea